Dealmaking in the U.S. oil and gas industry halved in value in the fourth quarter from the third, with the annual total falling short of the pre-pandemic average, according to data published by analytics firm Enverus on...
Poland refiner PKN to sell Lotos assets to Aramco, MOL to complete takeover
Poland’s largest refiner PKN Orlen said it will sell some Lotos assets to companies including Saudi Aramco and Hungary’s MOL to fulfil EU antitrust rulings and complete its takeover of the smaller firm. PKN...
Reliance Industries should consider de-merger to unlock value
Mukesh Ambani-owned Reliance Industries is rubbing shoulders with the largest global private equity players, who have invested in India over the past few years. With its latest nearly $100 million investment in the...
Royal Dutch Shell in race for Actis’ green company Sprng Energy
Oil and gas major Royal Dutch Shell has emerged as a surprise bidder to acquire Sprng Energy, the Indian renewable platform of Actis Llp that is on sale, said people aware of the matter. Shell, the world’s largest...
Legacy Reserves seeks buyers for shale oil and gas assets – sources
Privately owned shale producer Legacy Reserves is in search of a buyer for its oil and gas assets in the Permian and Haynesville basins, two people familiar with the matter told Reuters on Friday. Legacy, which is among...
GAIL completes acquisition of IL&FS’s 26 pc stake in OTPC
State-owned gas utility GAIL (India) Ltd on Tuesday said it has completed the acquisition of bankrupt Infrastructure Leasing and Financial Services (IL&FS) 26 per cent stake in ONGC Tripura Power Company (OTPC)...
Privatization of BPCL may be pushed to next fiscal year
The privatization of state-run Bharat Petroleum Corp. Ltd (BPCL) may be pushed to the next fiscal as the sale process has not progressed at the desired pace, two officials aware of the development said. “The financial...
Italy’s Snam to buy biomethane assets from Asja Ambiente
Italian gas infrastructure group Snam has agreed to buy a series of biomethane assets from Asja Ambiente Italia as part of its plans to develop its green gasses business. Snam said on Tuesday it had agreed to acquire...
No proposal to transfer ONGC’s assets to OIL: Rameswar Teli
There is no proposal at present to transfer India’s biggest oil and gas producer ONGC’s assets to smaller state-owned firm Oil India Ltd (OIL), Parliament was informed on Monday. Assam Chief Minister Himanta...
EnCap merges two Permian oil producers in about $4 bln deal -sources
EnCap Investments LP has combined two of its portfolio companies in the Permian basin, creating an oil producer worth more than $4 billion including debt that the private equity firm wants to take public as soon as next...
Australia’s Senex agrees to $610 mln buyout by POSCO International
Australian coal-seam gas producer Senex Energy Ltd agreed on Monday to be acquired by POSCO International Corp in an A$852.1 million ($610.02 million) deal, as the South Korean firm accelerates its expansion into global...
ConocoPhillips offloads Indonesia assets in Asia-Pacific revamp
U.S. oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape. The...
